Sage Intacct: Entertainment Industry Accounting

The entertainment industry is a competitive industry that is known for handling large sums of money. Accountants who work in this field face unique challenges as entertainment industry bookkeeping and tax planning have many features not found in other forms of business. Sage Intacct was designed to accommodate any financial issues that entertainment business like yours face. It has a wide range of features, including customizable reports, automated customer billing, payable management, and more. To help you understand this platform, our entertainment industry financial advisers summarized Sage Intacct’s benefits below.

Powerful Budgeting and Planning Tool For Entertainment Firms

Budgeting and planning are essential to the e-commerce world. Sage Intacct is a complete budgeting and planning solution that gives you what you need to control your finances, collaborate with others, and keep things secure. Sage Intacct offers a modern alternative to spreadsheet-based forecasting. Spreadsheet-based forecasting does not give you enough time to analyze things and forecast the future. However, with this platform, everyone you authorize has access to the latest version and updated budget. Furthermore, this platform also allows you to create several scenarios using a single budget, giving you more control over the process.

Sharing sensitive budgeting and planning financial information using spreadsheets or emails is dangerous as it could lead to your confidential information being leaked. Sage Intacct gives you the tools needed to securely access and share budgets and payroll coupled with user-level security. This feature is perfect for those in the entertainment industry who have outgrown using Excel for budgeting and planning.

Multidimensional and Dynamic General Ledgers

Traditional general ledgers or general ledger software are not flexible or scalable. Conversely, the GL software with Sage Intacct is designed to be scalable, visible, and flexible, offering you the tools that you need to grow your entertainment business without limitations. This software gives our entertainment industry CPAs smarter, flexible accounting management.

  • It offers an automated workflow to increase efficiency

  • It minimizes the time used for bank reconciliations

  • Many businesses save so much time and money that it justifies the cost of purchasing the software within the first few months

You have full control of who can access your general ledger with Sage Intacct. You can also see reports and dashboards using any combination of metrics and drivers. Furthermore, you can view the most relevant reports of your entertainment business in real-time. Sage Intacct, being cloud-based, offers various benefits. The first one would the reduced need for IT support. You can also access your financial data from multiple locations, vendors, and departments, giving you a keener insight into your entertainment industry accounting.

Sage Intacct is powerful and comprehensive accounting software that will help you with:

  • Managing inventory

  • Project accounting

  • Sales and use tax

  • Revenue recognition

  • Vendor payment

  • Accounts Payable

  • Cash management

Sage Intacct has more to offer to cater to your entertainment industry bookkeeping and entertainment industry tax planning needs. Part of our entertainment industry CFO advisory services helping our clients, like you, get the most out of platforms like Sage Intacct. We also offer entertainment industry accountant services and financial advisory services to clients from a wide range of industries. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!

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This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.